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Speaker 1: Key We saver. I was thinking about this over the weekend.

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Speaker 1: I get why. I get why the government is doing

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Speaker 1: the old switcheroo. You know, I get it means tests

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Speaker 1: the government sweetener, harve it for everyone else, save yourself

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Speaker 1: a bunch of money. Then we workers and our employers.

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Speaker 1: We'll slowly put more into the scheme over the time,

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Speaker 1: and you build up to that so that when it

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Speaker 1: all comes out in the wash, we're at least no

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Speaker 1: worse off than before budget day. All right, I get it,

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Speaker 1: except that we will be worse off because it's us

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Speaker 1: and our employers paying for it. Right, We pay more upfront,

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Speaker 1: Our employers pay more upfront. That's added cost. Businesses recover

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Speaker 1: cost by putting up prices which we end up paying,

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Speaker 1: or by lowering costs like wages, which is how most

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Speaker 1: of us make a living. Right, So the net effect

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Speaker 1: is worse for us and better for the government. Now again,

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Speaker 1: I get why they need to slash spending. But the

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Speaker 1: problem with tinkering with key we save it is this,

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Speaker 1: For your average key, we working hard, saving, planning for retirement,

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Speaker 1: that's what we're told to do. These changes throw all

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Speaker 1: your calculations out of whack. You plan on a long term,

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Speaker 1: predictable set of circumstances. When they're changed without warning and

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Speaker 1: at random, it punishes the very people who are trying

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Speaker 1: to do the right thing. We need more of a

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Speaker 1: heads up on changes to key we Saver, thank you

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Speaker 1: very much, and more importantly on NZ super. It's not

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Speaker 1: a matter of if, but when. That also gets a

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Speaker 1: means test, even if the when is post Winston Peters.

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Speaker 1: Nikola Willis says she's been giving this some thought. The

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Speaker 1: future of superannuation I would like to know, and other

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Speaker 1: hard working key we savers I'm sure would also like

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Speaker 1: to know sooner rather than later, what those thoughts are.

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Speaker 1: For more Familily Edition with Ryan Bred Listen live to

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Speaker 1: news talks. It'd be from five am weekdays, or follow

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